PHA (Phala Network) up 11.21% in 24 hours

According to Gate News Bot on December 9, citing CoinMarketCap data, as of press time, PHA (Phala Network) is trading at $0.05, up 11.21% in the past 24 hours, reaching a high of $0.05 and a low of $0.04, with a 24-hour trading volume of $36 million. The current market capitalization is approximately $38.1 million, an increase of $3.84 million compared to yesterday.

Phala Network is a hardware-secure confidential computing platform focused on building a trusted privacy AI cloud infrastructure. The platform provides confidential computing services protected by TEE (Trusted Execution Environment), including confidential virtual machines, confidential AI models, and GPU TEE products, supporting high-performance AI inference while protecting data privacy. Phala is trusted by over 5,000 users, has multiple enterprise-level application cases in financial services, healthcare, legal technology, and AI SaaS, and provides 99.9% uptime SLA through enterprise-grade compliance guarantees such as SOC 2 Type II certification and HIPAA-ready infrastructure. The platform integrates and supports mainstream AI frameworks such as TensorFlow, PyTorch, and Hugging Face, with a performance overhead of only 5-10%, and also provides cryptographic proofs to verify the integrity of AI workloads.

Recent important PHA updates:

1️⃣ Network governance resolution drives significant change The Phala Network community has initiated a vote to fully migrate to the Ethereum Layer 2 network. This major infrastructure adjustment reflects the project’s strategic plan to improve network scalability and reduce transaction costs. Such network upgrades usually signal an important turning point in project development, benefiting user experience and expanding the range of ecosystem applications.

This information does not constitute investment advice. Please be aware of market volatility risks when investing.